Brazil has resisted gathering momentum in the Brics group of major emerging economies to add more member countries, but debate over admission criteria seems inevitable at this month's summit, three Brazilian government officials told Reuters.
Russia said expansion would be high on the agenda of the upcoming Brics summit. President Vladimir Putin will not attend as he faces an international arrest warrant.
South Africa, the first beneficiary of a Brics expansion in 2010, supports inclusion of new members, though President Cyril Ramaphosa has said the expansion formula requires “closer scrutiny and understanding”. New members could be admitted as partner countries participating in summits without becoming full members, as in other international organisations, one Brazilian official said.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SA’s Brics trade deficit presents opportunities, says Brics business council leaderThe trade deficit between South Africa and its Brics partners is not insurmountable, Brics business council leader Stavros Nicolaou told the Mail & Guardian.
Read more »
Brazil is main holdout against Brics expansion, sources sayBrazil is main holdout against Brics expansion, sources say: Brazil has resisted gathering momentum in the Brics group of major emerging economies to add more member countries, but debate over admission criteria seems inevitable at this month's summit,…
Read more »
Russia says BRICS summit to discuss expanding groupThe Kremlin said on Tuesday that expanding the BRICS group of nations would be a topic high on the agenda of the group's upcoming summit in South Africa on Aug. 22-24.
Read more »
2023 BRICS Summit | SA’s position on the continent and blocSouth Africa is still seen as a giant in Africa. However, that perception may change if government does not put the people and country first.
Read more »
US diplomat heads to SA ahead of Brics summit amid Russia concernsActing deputy secretary of state Victoria Nuland arrives in SA this week for meetings with senior SA government officials
Read more »
Brics Business Council concerned about uneven trade patterns in the blocThe body will push for more equitable trade at the 2023 annual summit in August
Read more »